Real Estate Investing in Warren, Indiana (46792)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 46792 (Warren, IN)? Our answer, based on the numbers below.
Solid choice — values are growing steadily and the market is stable enough to buy with confidence.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- Elevated vacancy: 8.8% vacancy may signal weakening demand.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Warren, IN (46792)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 46792 Warren
Not every below-median market is a bargain. Warren's 46792 ZIP reports signals that favor experienced operators who can absorb the risk $237K pricing implies.
Looking more closely, the numbers look inviting — $237K purchase price, 0.0% nominal cap — the work to hit that pro forma in 46792 is substantial and deserves full respect.
Statewide comparisons place 46792 among IN's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
The 46792 ZIP's population of 3,577 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that clocks in at the need for careful underwriting.
Strategy in 46792 is an operator game, not a passive one. In practical terms, entry prices of $237K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Warren:
Property Strategy for 46792
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $151,342 | $1,100 | 5.2% | +8.9% | $75,671 |
| 3BR | $221,620 | $1,410 | 4.6% | +8.3% | $73,873 |
| 4BR | $269,101 | $1,680 | 4.5% | +8.1% | $67,275 |
Market Trends
Home Value History (with trend line)
📊 How Does 46792 Compare?
| Metric | 46792 | Warren | Huntington, IN | Indiana |
|---|---|---|---|---|
| Home Value | $237,394 | $237,394 | N/A | $248,442 |
| 5-Year CAGR | 7.3% | 7.3% | N/A | 7.7% |
| Avg Rent | $990 | $990 | N/A | - |
| Cap Rate | 3.3% | 3.3% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 46792 (Warren, IN). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 46792 (Warren, IN)?
~25 seconds · no account needed · your report is anonymous
📊 Market Snapshot
| Home Value | $237,394 |
| Monthly Rent | $990 |
| Price-to-Rent | 20.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.0% |
| Cap Rate | 3.3% |
| 5-Year IRR | 10.6% |
📈 Home Appreciation
| 1-Year | +10.9% ▲ |
| 3-Year CAGR | +6.8% ▲ |
| 5-Year CAGR | +7.3% ▲ |
| 10-Year CAGR | +7.3% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.3%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 46792
Population: 3,577
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 46792
Schools in This ZIP Code
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
Frequently Asked Questions
How much is rent in Warren, IN?
Warren, IN rentals go for roughly $990/mo a month. That puts gross yield in solid territory relative to $237K acquisition costs.
What is the average home sale price in Warren, IN?
Expect median prices around $237K in Warren, IN. The market has run at a 0.0% 5-year CAGR, so entry costs have been stable.
What is the rental occupancy rate in Warren, IN?
Warren, IN vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
How landlord-friendly is Warren, IN?
Landlord-friendliness in Warren, IN is landlord-friendly. Eviction timelines and lease enforcement are considered reasonable by most property managers.
How does Warren, IN rate as a rental market?
Warren, IN rates 3.0/5 for investability. With median values at $237K and rents near $990/mo, the market offers reasonable fundamentals for rental investors.
You know 46792 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 46792 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
AI Market Advisor
Ask questions about investing in 46792 (Warren)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 46792 (Warren, IN).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.